Can Kisagun
@cankisagun
Let me recap my journey in DeFi and why we’re building @t1protocol
I’ve been working in crypto since 2017 and got into DeFi early. I co-founded
Secret Netork (then called Enigma), leading product and business development for the first privacy preserving smart contracting platform. Back then, decentralized applications were nearly nonexistent—ICOs and DEXs were the only real use cases.
So when DeFi summer started, I knew it was going to be big. I jumped in, using Compound to earn yield on ETH and farm the governance token. Back then, Ethereum was cheap, data was on-chain, and risks were transparent. It was game on.
Then came Terra, Mirror, and Anchor. Terra’s 20% guaranteed yield on Anchor was obviously bullshit. I realized something was very off, but to be honest I didn't fully appreciate the level of the ponzi scheme. And I YOLO’d, because everything in crypto is risky.
But the real lesson from Terra’s collapse was not only about the depeg risk. It was also about infrastructure failure. 1/n 1 reply
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